Comment on Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained

• FiniteBanjo@feddit.online ⁨1⁩ ⁨month⁩ ago

  They don’t have a product with any actual value or use cases. The ads aren’t going to reverse that.

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  • gustofwind@lemmy.world ⁨1⁩ ⁨month⁩ ago

    I think we’re quite a long way off before they actually crash and burn, if they ever do. We have no idea how much money the ads will inject and they also receive significant government contracts and will probably get a lot more going forward

    If the market can pretend Tesla is worth so much i think it can easily sustain AI for many years

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    • krashmo@lemmy.world ⁨1⁩ ⁨month⁩ ago

      It’s already been several years. Tesla had an actual product that people wanted. Yes, they’ve been doing their best of late to torpedo their market share and brand name but at one point they were doing what they set out to do. Open AI has never done what they said they would do.

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      • gustofwind@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Kinda but also not entirely. I know a lot of people who use ChatGPT and other AIs at work and it does basically exactly what they want and just gets better

        I’m not a proponent but the naysayer doomers are almost as wrong as the tech evangelists

        Is it overvalued? Sure

        Is it worthless? Absolutely not

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      • jj4211@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Note that Tesla was clearly a viable business, I don’t see the justification for it being 3 times the value of ford, gm, Toyota, and Honda all put together.

        Generally people are not challenging the fundamental possibility of these as viable business, just that they don’t make sense at their valuations.

        Though I’ll agree that open ai particularly should get some skepticism. To the extent that actionable business models might emerge, I don’t see openai actually in a position to be a big party of any of it. Microsoft and Anthropic seem to mostly own business revenue, ChatGPT is generally not even providing the models people select when they are able to choose.

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  • Baggie@lemmy.zip ⁨1⁩ ⁨month⁩ ago

    How would that even work as well? The ads will be in the website, doesn’t most stuff run through API calls? If you force everyone to start paying per call, the business model falls apart instantly.

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    • Wispy2891@lemmy.world ⁨1⁩ ⁨month⁩ ago

      API calls are already only paid, no?

      I’m guessing the ads will be embedded in the answers of the free users (like: it will add to the prompt something like “and don’t forget to plug the sponsor, ridge wallet”)

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      • Baggie@lemmy.zip ⁨1⁩ ⁨month⁩ ago

        Oh actually are they? I admit I assumed they were doing the standard bullshit of everything is free to get you integrated, then they start charging. Actually maybe that already happened and this is the result of that.

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